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The analyst said the iPhone launch event has not been a major stock catalyst. Over the past seven years, Apple shares have risen just 1% on average in the week following the event.</p>\n<p>\"Should early iPhone 13 demand data exceed buy-side expectations,\" Huberty said, \"we'd expect Apple shares to rerate higher and likely trade between our $168 base and $245 bull-case valuations, driven by both positive estimate revisions and multiple expansion.\"</p>\n<p>In terms of positioning ahead of the event, Huberty said \"we still believe the majority of institutional investors are positioned as neutral to negative, despite the fact that Apple shares have rallied over 20% in the past 3 months following a number of App Store headlines that have resolved a handful of existing lawsuits/investigations.\"</p>\n<p>Piper Sandler analyst Harsh Kumar raised the firm's price target on Apple to $175 from $165 and reiterated an overweight rating on the shares. Baird analysts boosted their price target for Apple to $170 from $160 a share, saying they \"continue to view [the] shares as attractive for long-term-oriented investors.\"</p>\n<p>Apple and Alphabet's Google (GOOGL) - Get Alphabet Inc. Class A Report will be required under a new South Korean law to open their application stores to alternative payment systems. The bill was passed by South Korea’s National Assembly, The Wall Street Journal reported, and it is the first in the world to dent the companies’ dominance over how apps on their platforms sell their digital goods.</p>\n<p>The legislation amends South Korea’s Telecommunications Business Act to prevent large app-market operators from requiring the use of their in-app purchasing systems. It also bans operators from unreasonably delaying the approval of apps or deleting them from the marketplace. Companies that fail to comply could be fined up to 3% of their South Korean revenue by the Korea Communications Commission.</p>\n<p>The bill in Korea has been nicknamed the “Google power-abuse-prevention law” by some lawmakers and media. Google’s Play Store accounted for 75% of mobile app downloads globally in the second quarter. Apple accounted for 65% of app-store consumer spending on in-app purchases and subscriptions during the same quarter, the Journal reported, citing App Annie, a mobile-app analytics firm.</p>\n<p>Apple and Google are facing lawsuits and investigations in several countries.</p>\n<p>Alphabet and Apple are holdings in Jim Cramer's Action Alerts PLUS investing club. Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.</p>\n<p>Here is a breakdown list of the technology and FAANG stocks to watch right now based on their performance over the past week:</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Stocks Roundup: Google is the 'Cheapest of FAANG'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Stocks Roundup: Google is the 'Cheapest of FAANG'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 11:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/tech-stocks-roundup-google-is-the-cheapest-of-faang?puc=yahoo&cm_ven=YAHOO><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (AAPL)  investor expectations \"remain muted\" ahead of the computer giant's iPhone 13 unveiling, setting up a busy fall with product launches, a Morgan Stanley analyst said.\nAnalyst Katy Huberty ...</p>\n\n<a href=\"https://www.thestreet.com/technology/tech-stocks-roundup-google-is-the-cheapest-of-faang?puc=yahoo&cm_ven=YAHOO\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌"},"source_url":"https://www.thestreet.com/technology/tech-stocks-roundup-google-is-the-cheapest-of-faang?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161862404","content_text":"Apple (AAPL)  investor expectations \"remain muted\" ahead of the computer giant's iPhone 13 unveiling, setting up a busy fall with product launches, a Morgan Stanley analyst said.\nAnalyst Katy Huberty discussed investor expectations leading up to Apple's annual event, dubbed California Streaming, which is set for Tuesday. \"Investor expectations remain muted, which creates a compelling setup into the fall should early iPhone 13 data points outperform expectations,\" the analyst said in a research note.\nHuberty said that based on conversations with her Apple supply chain research colleagues, \"we expect the fall of 2021 to be another busy period of product launches, with the iPhone 13 family, the Apple Watch 7, AirPods, 3, new iPads, and new MacBook Pros with M1 all expected to be released before year-end.\"\nInvestors expect the iPhone 13 to be a more \"evolutionary\" product cycle with fewer significant technology upgrades compared with iPhone 12, she said. The analyst said the iPhone launch event has not been a major stock catalyst. Over the past seven years, Apple shares have risen just 1% on average in the week following the event.\n\"Should early iPhone 13 demand data exceed buy-side expectations,\" Huberty said, \"we'd expect Apple shares to rerate higher and likely trade between our $168 base and $245 bull-case valuations, driven by both positive estimate revisions and multiple expansion.\"\nIn terms of positioning ahead of the event, Huberty said \"we still believe the majority of institutional investors are positioned as neutral to negative, despite the fact that Apple shares have rallied over 20% in the past 3 months following a number of App Store headlines that have resolved a handful of existing lawsuits/investigations.\"\nPiper Sandler analyst Harsh Kumar raised the firm's price target on Apple to $175 from $165 and reiterated an overweight rating on the shares. Baird analysts boosted their price target for Apple to $170 from $160 a share, saying they \"continue to view [the] shares as attractive for long-term-oriented investors.\"\nApple and Alphabet's Google (GOOGL) - Get Alphabet Inc. Class A Report will be required under a new South Korean law to open their application stores to alternative payment systems. The bill was passed by South Korea’s National Assembly, The Wall Street Journal reported, and it is the first in the world to dent the companies’ dominance over how apps on their platforms sell their digital goods.\nThe legislation amends South Korea’s Telecommunications Business Act to prevent large app-market operators from requiring the use of their in-app purchasing systems. It also bans operators from unreasonably delaying the approval of apps or deleting them from the marketplace. Companies that fail to comply could be fined up to 3% of their South Korean revenue by the Korea Communications Commission.\nThe bill in Korea has been nicknamed the “Google power-abuse-prevention law” by some lawmakers and media. Google’s Play Store accounted for 75% of mobile app downloads globally in the second quarter. Apple accounted for 65% of app-store consumer spending on in-app purchases and subscriptions during the same quarter, the Journal reported, citing App Annie, a mobile-app analytics firm.\nApple and Google are facing lawsuits and investigations in several countries.\nAlphabet and Apple are holdings in Jim Cramer's Action Alerts PLUS investing club. Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.\nHere is a breakdown list of the technology and FAANG stocks to watch right now based on their performance over the past week:","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/888532304"}